He said his plan is aimed at middle-class families. In fact, the richest 1% (people making more than $900,000 a year) will receive 80% of the tax cuts by 2027.
He said the U.S. is “among the highest-taxed nations in the developed world.” In fact, among advanced economies, we rank 32nd out of 35 in tax revenue as a share of our economy.

He claims that one of the tax cuts in his plan is for “small and medium-sized businesses.” It’s actually a new loophole for wealthy business owners like Trump himself that leaves out the vast majority of businesses.

He claims that since his plan enlarges the standard deduction, the first $24,000 of a family’s annual income will be tax-free. What he doesn’t mention is that his plan eliminates personal and dependent exemptions, meaning families with children will have more taxable income.

He claims his plan will boost average incomes by $4,000. But that’s based on an analysis of how much corporate tax cuts will trickle down to workers that has been widely debunked.

He misremembers history, conveniently ignoring the severe recession that followed President Reagan’s 1981 tax cuts and the boom that followed President Clinton’s 1990s tax increases on top earners.
It is telling that Trump relies on falsehoods to sell his tax plan. When recognized for what it is — massive new tax breaks for corporations and the wealthy that will threaten health care, education and other priorities — Americans reject it.President Trump’s column “Morning in America dawns again” contained numerous misleading assertions:

He said his plan is aimed at middle-class families. In fact, the richest 1% (people making more than $900,000 a year) will receive 80% of the tax cuts by 2027.
He said the U.S. is “among the highest-taxed nations in the developed world.” In fact, among advanced economies, we rank 32nd out of 35 in tax revenue as a share of our economy.

He claims that one of the tax cuts in his plan is for “small and medium-sized businesses.” It’s actually a new loophole for wealthy business owners like Trump himself that leaves out the vast majority of businesses.

He claims that since his plan enlarges the standard deduction, the first $24,000 of a family’s annual income will be tax-free. What he doesn’t mention is that his plan eliminates personal and dependent exemptions, meaning families with children will have more taxable income.

He claims his plan will boost average incomes by $4,000. But that’s based on an analysis of how much corporate tax cuts will trickle down to workers that has been widely debunked.

He misremembers history, conveniently ignoring the severe recession that followed President Reagan’s 1981 tax cuts and the boom that followed President Clinton’s 1990s tax increases on top earners.

It is telling that Trump relies on falsehoods to sell his tax plan. When recognized for what it is — massive new tax breaks for corporations and the wealthy that will threaten health care, education and other priorities — Americans reject it.